NIGERIA IS ALMOST BROKE, FG LYING ABOUT STATE OF ECONOMY - Gov. Fashola Lagos state governor, Babatunde Fashola, has accused the Federal Government of being untruthful about the true state of the country’s economy. He also said the country was almost broke as there were “not enough funds in the federation account.” Fashola made this known while speaking and presenting agricultural empowerment materials to 3,149 persons at the 2014 World Food Day/Agric Value Chain empowerment in Lagos on Thursday. He said, “As I was coming to this event, I received a message that the monthly Federal Allocation Accounts Committee meeting where states know how much the country earns monthly and what percentage would be shared between the three tiers of government-Federal, State and Local governments-from the federation accounts, had been postponed. “The meeting which was scheduled to hold in Enugu State today (yesterday) was postponed because there were not enough funds in the federation account. That is the situation of the country’s economy today. Using Lagos as an example, the governor said the only way a government could function effectively was through a well structured tax system and accused the federal government of not being reliable. “If we are to wait for the monthly federal allocation, we will not be able to provide the dividends of democracy to the residents of Lagos State. “It was through the money we realised from taxes that we used in providing the empowerment materials for the residents of the state. “We do not measure the economic progress in our state by the number of billionaires and owners of private jets which exclude many in the country. But we measure ours by the number of ordinary people in the society,” said Fashola. (Today.ng)
Posted on: Fri, 17 Oct 2014 13:25:50 +0000
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